THE U.S. POLITICS from a CONSERVATIVEs CLEAR POINT OF VIEW .....

THE U.S. POLITICS from a CLEAR POINT OF VIEW .....

Saturday, December 18, 2010

The U.S. Public Debt ...


George W. Bush 
United States Public Debt During The Bush Administration 2000 to 2008
The United States Public Debt a Clear and Present Danger to Our Country


The United States Public Debt is presented by the U.S. Treasury as two calculations: "Debt Held by the Public", defined as U.S. Treasury securities held by institutions outside the United States Government, and the "Gross Debt," which includes intra-government obligations (Treasury securities held by the Social Security Trust fund or the Federal Reserve.)


As of September 30, 2010, the "Total Public Debt Outstanding" of $13.56 trillion was approximately 94% of annual GDP of $14.4 trillion, with the constituent parts of the "Debt held by the Public" being approximately 63% of GDP ($9.0 Trillion) and "Intergovernmental Debt" standing at 31% of GDP ($4.5 Trillion).


The following is a list of the Foreign Owners of U.S. Treasury Securities as listed by the U.S. Treasury most run up during George W Bush years ..


LEADING FOREIGN Owners of US Treasury Securities  .....
----------------------------------------------------------------------
Nations                             Billions of Dollars     Percentage
Communist China                         846.7                20.8
Japan                                          821.0                20.2
United Kingdom                            374.3                 9.2
OPEC Oil Producers 1                    223.8                 5.5
Caribbean Banks 2                         150.7                 3.7
Brazil                                           162.2                 4.0
Hong Kong Communist China         135.2                 3.3
Russia - Former Evil Empire          130.9                 3.2
Taiwan Republic of China                130.5                 3.2
---------------------------------------------------------------------------
Grand Total                                 4065.8                 100
1 Saudi Arabia, Venezuela, Libya, Iran, Iraq, the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, Ecuador, Indonesia, Algeria, Gabon, and Nigeria
2  Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, British Virgin Islands and Panama
 .